Statutory interest calculator updated

We have updated our statutory late payment interest calculator to make it quicker and easier to use. Fields that are no longer necessary have been removed and drop down menus replace the laborious inputting of numbers and slashes. The calculated result is also improved. You are now informed about the number of days overdue, total interest owed as well as compensation entitlement and the final total that you can claim. This is phase one of our improvements to the calculator. Phase two will be the launch of our advanced late payment interest calculator which help you manage the whole process of making a calculation right through to sending the claim to the debtor and more.

The updated calculator requires you to register (which takes about 30 seconds) before you can use it. You will then be able to access all registered areas of the site.